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About Feldman Law Center |
If you are looking to modify your home loan, the Feldman Law Center can assist you in every aspect of your loan modification. Our experienced home loan modification professionals have an unmatched level of knowledge, and our dedication to customer service is legendary. We have been serving California homeowners for years, and our loan modification agents have helped countless people (who were facing foreclosure) stay in their homes.
What is a Loan Modification? A California or federal loan modification is an agreement that is negotiated with your current lender that changes the terms of your current loan. Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives. You must show the lender why it would be in the lender's best interest to agree to a workout arrangement. If convinced, a lender may be willing to reduce the loan interest rate, reduce monthly payment amounts or change other loan terms. A loan modification generally occurs where the parties to a problem loan mutually agree to workout the problem by creating new and better loan terms. The hope is that the new loan will enable to the borrower to meet their obligations.
How We Assist You With Your Loan Modification After you contact the Feldman Law Center regarding your financial situation, a loan modification consultant evaluates your current situation and assists you in determining the best possible solution to your mortgage problem. After fully evaluating your situation, the Feldman Law Center’s team of experts prepares a custom financial package specific to your mortgage company. Our loan modification attorneys and specialists use this package as leverage to obtain a loan modification or forbearance agreement. Once negotiations are finalized with your lender, the newly improved terms of your loan are reviewed with you. Then, finally, you can get back to living your life now that the mortgage troubles are behind you.
Dealing With Lenders Obtaining a loan modification is tricky, and lenders will rarely give you the whole picture of exactly what you’re entitled to during negotiations. A lender would much rather negotiate a loan than see your house foreclosed on, but they will also try to take advantage of you unless you have a qualified loan modification attorney at your side. Over the next couple of years, over 2 million homeowners may face foreclosure, and many borrowers are stuck with “toxic adjustable rate mortgages” which they are having problems refinancing. If you find yourself in this situation, it can be like facing insurmountable odds, but our loan modification specialists and loan modification attorneys have the right kind of experience to help you stay in your home for good.
Documents You’ll Need for a Loan Modification Negotiation While negotiating you’re loan, keep track of the following items: Income and Expense Reports Your Last Four to Six Pay Stubs Last Three Years Worth of W2s and Tax Returns Three to Six Months of Bank Statements All Mortgage Paperwork You Have All Bills (paid or not) including utilities, auto payments, credit cards, etc. Winter and Summer Heating and Cooloing Bills
Learn more about the foreclosure process and how The Feldman Law Center can stop foreclosure. |
Disclaimer: The information contained herein is provided for general information purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this website shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this website shall be construed to be a guarantee or prediction of result.
